2 Nov 2015 16:22
Seneca Global Income & Growth Trust plc
Debt Facility
2 November 2015
The Company is pleased to announce that it has put in place a two year short term rolling debt facility of £7m. The new facility replaces the two year short term rolling debt facility which expired on 31 October 2015.
The margin on the new facility is 0.7% over LIBOR, significantly less than the 1.15% margin on the facility that it replaces. The other commercial terms on the new facility are similar to those of the facility that it replaces.
The Company was 12% geared at the end of October 2015.
Enquiries:
David Thomas, Seneca Invesment Managers Limited, 0151 906 2480
Alan Borrows, Seneca Investment Managers Limited, 0151 906 2461
Martin Cassels, R&H Fund Services Limited, 0131 524 6140
http://senecaim.com/professional-investors/investment-trust/